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US-based financial services firm Wells Fargo has agreed to pay around $37.3 to settle a civil fraud lawsuit claiming fraudulent overcharging of customers on foreign exchange (FX) services.
The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) today announced plans to commence a phased linkage of Singapore’s PayNow and Malaysia’s DuitNow real-time payment systems.
ICICI Bank today announced that it has partnered with Amazon India to offer overdraft (OD) facility upto Rs 25 lakh to individual sellers and small businesses registered on
The People’s Bank of China (PBOC) has launched a restriction on cryptocurrencies, banning all activities related to digital currency, including their transactions and mining. Services offering to trade,
MUFG today announced that it has developed the MUFG Wealth Management Digital Platform (“WMPF”) to offer optimal solutions to high- net-worth customers. WMPF is scheduled to be deployed
Nexi Group has been chosen as future provider of payment solutions by international home retailer, JYSK, in additional 5 countries (Austria, Germany, Switzerland, France and Italy). This is
Entrust, a US-based trusted identity, payments and data protection company, has agreed to acquire French financial technology company Antelop Solutions for an undisclosed sum. The transaction is said
Snowflake (NYSE: SNOW), the Data Cloud company, and Citi (NYSE: C) today announced a strategic initiative to re-imagine how data flows across financial services transactions to provide a
American Express (NYSE: AXP) and Extend, a New York City-based fintech specializing in virtual cards, announced their partnership to expand virtual Card solutions for U.S. businesses. U.S. companies
U.S. Bancorp has agreed to acquire MUFG Union Bank, the core banking subsidiary of Japan’s Mitsubishi UFJ (MUFG), for a purchase price of $8bn. The transaction consideration includes